Shopper Park Plus, which owns a portfolio of retail properties in Hungary, the Czech Republic and Slovakia, has announced the successful close, on Monday, of a share issue that raised a little over EUR 100 million. In an announcement on Tuesday, Shopper Park Plus said 9,300,000 shares were subscribed at a price of EUR 10.80 […]
Dreher Breweries is ploughing HUF 30 billion into its base in the capital to boost efficiency, the company told MTI on Tuesday. Dreher is building a fermentation plant and a new energy center in the first phase of a HUF 100 billion investment project. Phase one is expected to finish by the end of 2026. […]
Automotive industry supplier Flex inaugurated a HUF 35 billion plant of 10,000 square meters in Zalaegerszeg, SW Hungary on Tuesday. The Flex Zala Automotive Next Gen Mobility plant, which created 210 jobs, is expected to advance the search for solutions to the biggest challenges ahead of the automotive industry. Hungarian taxpayers contributed to the investment […]
The revenue of ANY Security Printing Company for the first three quarters of 2025 is HUF 55,2 billion, of which 61% is generated from international markets, the company said in its quarterly report on the website of the Budapest Stock Exchange. 53% of the total revenue, HUF 29,2 billion was generated from the sales of […]
Hungarian cosmetics and cleaning products company Caola inaugurated a technology upgrade at its base in Martonvásár, near the capital, on Monday, MTI reports. With support from the Sándor Demján program created to support SME investments, Caola has purchased a packaging machine used in body powder production and a power storage system and a process control […]
Third-quarter net profit of listed real estate broker Duna House, recently rebranded as DH Group, climbed 68% year-on-year to HUF 1.1 billion, an earnings report released on Monday shows. Net sales revenue rose 21% to HUF 11.9 billion. Domestic sales reached HUF 1.8 billion, while the Italian business generated turnover of HUF 6.5 billion and […]
Harro Höfliger, which makes machinery for the pharmaceutical industry, inaugurated this Friday a HUF 6 billion capacity expansion at it base in Debrecen (E Hungary). The expansion is expected to create over a hundred jobs. The site is the company's second biggest outside Germany. A quarter of the investment costs is covered by Hungarian taxpayers […]
Gránit Insurance Ltd., the insurance unit of listed Hungarian haulier Waberer's International, will boost its stakes in the Magyar Posta life and general insurance businesses to 100%, Waberer's Group said in an announcement on the Budapest Stock Exchange late Thursday. Gránit Insurance closed the acquisition of a 66.9% stake in the state-owned businesses a year […]
Egis Pharmaceuticals Ltd. has unveiled one of the most significant developments in its 112-year history in Budapest. The company will manufacture the active ingredient for a globally leading product at its new HUF 30 billion plant, which was financed from its own resources, the company told MTI on Thursday. According to the announcement, what makes […]
Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested HUF 600 million from its fashion and design fund in Kuube Hungary. In a statement issued on Thursday, Hiventures said Kuube Hungary develops and sells solar powered off-grid smart benches, as well as smart street furniture for bus stops and public […]
Around 52% of large Hungarian companies are planning to make investments within a year, K+H Bank told MTI on Thursday based on a third quarter survey. According to the financial institution's third-quarter survey, the most popular area of investment is production machinery, with a 22% share, which is a 4 percentage point increase compared to […]
MBH Bank, Hungary's second-biggest commercial lender, on Tuesday announced the acquisition of a controlling stake in real estate broker Otthon Centrum from a unit of Biggeorge Holding. MBH Bank agreed to acquire an 80% stake in the broker and expects to acquire the remaining 20% stake in 2028, if certain conditions are met. The deal […]
Magyar Telekom , the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has reached an agreement with the trade unions on the amount of the 2025 one-off compensation, the level of 2026 pay increase, other compensations and the efficiency measures at Magyar Telekom Plc. and Telekom […]
After-tax profit of listed alternative energy company ALTEO fell 68% year-on-year to HUF 2.7 billion on higher costs, an earnings report released on Monday shows. Revenue rose 16% to HUF 86.8 billion. Material costs increased 28% to HUF 61.2 billion and payroll costs climbed 55% to HUF 11.8 billion. Diluted earnings per share came to […]
Net income of listed car seller AutoWallis dropped 24% year-on-year to HUF 3.6 billion in Q1-Q3, an earnings report published on Monday shows. Revenue rose 21% to HUF 353.2 billion. Revenue of the wholesale division edged up 4% to HUF 168.5 billion, while revenue of the retail business climbed 43% to HUF 177.0 billion. Operating […]
